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Policy & Regulation

Yamal expiry shows Poland’s push to lower prices

Poland is likely to continue importing gas from Russia from 2023, but new supply sources look set to force Gazprom to lower its prices Poland is likely to continue importing gas from Russia from 2023, but new supply sources look set to force Gazprom to lower its prices.
By Anna Gumbau 28 November 2019 Europe & Russia / Pipelines, Storage & Power 0 34834
Minskaya compressor station on the Yamal-Europe pipeline. (Gazprom)

The key issue: Poland’s PGNiG officially notified Gazprom on 15 November of its decision not to renew its long-term supply contract for 10.2 billion cubic metres per year via the Yamal-Europe pipeline.

Interfax analysis: PGNiG’s decision to allow its supply contract with Gazprom to expire at the end of 2022 is set to lead the Russian major to lower its prices for Poland. Combined with new sources of supply in Poland, this may bridge the price differential between the Polish and western...